How much do homeowners pay a month in Cranbury, NJ?
Homeowners with a mortgage in Cranbury, NJ pay a median of $3,947 (±$407) a month in selected owner costs (2020–2024 American Community Survey).
Owners without a mortgage pay $1,500 or more.
58.1% of owned homes carry a mortgage.
In Cranbury, the median monthly cost with a mortgage went from $3,823 in 2015–2019 to $3,947 in 2020–2024 (+3.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Figures last updated on .
- With a mortgage
- $3,947 (±$407)
- Without a mortgage
- $1,500 or more
- Owned with a mortgage
- 58.1%
Monthly owner costs in Cranbury
| Cranbury | Middlesex County | New Jersey | United States | |
|---|---|---|---|---|
| With a mortgage | $3,947 (±$407) | $2,877 (±$24) | $2,829 (±$8) | $1,963 |
| Without a mortgage | $1,500 or more | $1,242 (±$14) | $1,232 (±$6) | $638 |
| Owned homes with a mortgage | 58.1% (±13.7 points) | 63.1% (±0.7 points) | 63.9% (±0.2 points) | 60.6% |
| Median real estate taxes (a year) | $10,000 or more | $9,712 (±$68) | $9,590 (±$25) | $3,119 |
Selected monthly owner costs are the mortgage payment, property taxes, insurance, utilities, fuels and any condominium or mobile-home fees.
In Cranbury, the median cost with a mortgage is higher than in Middlesex County ($2,877).
It is also higher than in New Jersey ($2,829).
It is higher than the national figure ($1,963).
In Middlesex County, Cranbury ranks 2 of 31 places with a published estimate, from highest to lowest median monthly cost with a mortgage.
Statewide, it ranks 14 of 247.
Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.
How owner costs in Cranbury have changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Median owner cost with a mortgage | $3,823 (±$305) | $3,947 (±$407) | +3.2% | Down after inflation |
| Median home value | $733,900 (±$63,166) | $804,800 (±$82,065) | +9.7% | No measurable change after inflation |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
Median monthly cost with a mortgage in places near Cranbury
| Place | Distance | Median monthly cost with a mortgage | Compared with this place |
|---|---|---|---|
| Cranbury | — | $3,947 (±$407) | — |
| Princeton Meadows | 2.8 mi | $3,654 (±$697) | Not measurably different |
| Clearbrook | 2.9 mi | $1,967 (±$197) | Lower |
| Stonebridge | 3.0 mi | $2,274 (±$121) | Lower |
| Rossmoor | 3.0 mi | $1,659 (±$170) | Lower |
| Hightstown Borough | 3.1 mi | $2,623 (±$307) | Lower |
| The Ponds | 3.6 mi | $2,435 (±$1,438) | Lower |
| Plainsboro Township | 3.6 mi | $3,791 (±$279) | Not measurably different |
| Forsgate | 3.7 mi | $3,713 (±$436) | Not measurably different |
Nearby places with a measurably lower figure: Clearbrook, NJ ($1,967), Stonebridge, NJ ($2,274), Rossmoor, NJ ($1,659).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Median monthly cost with a mortgage across Middlesex County, place by place
| Rank | Place | Median monthly cost with a mortgage |
|---|---|---|
| 1 | Deans | $4,000 or more |
| 2 | Cranbury | $3,947 (±$407) |
| 3 | Monroe Manor | $3,855 (±$396) |
| 4 | Forsgate | $3,713 (±$436) |
| 5 | Princeton Meadows | $3,654 (±$697) |
| 6 | Heathcote | $3,585 (±$671) |
| 7 | Kendall Park | $3,510 (±$452) |
| 8 | Monmouth Junction | $3,297 (±$351) |
Showing 8 of 31 places in Middlesex County, ranked from highest to lowest.
Cranbury is a census-designated place: an unincorporated community the Census Bureau draws for statistics, with no municipal government of its own.
It lies inside Cranbury Township, whose figures include it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Cranbury
What is the average mortgage payment in Cranbury?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Cranbury, NJ is $3,947 (±$407) a month, including taxes, insurance and utilities.
How much does it cost to own a paid-off home in Cranbury?
Owners without a mortgage in Cranbury pay a median of $1,500 or more a month in taxes, insurance, utilities and fees.
Has the cost of owning a home in Cranbury gone up?
In Cranbury, the median monthly cost with a mortgage went from $3,823 in 2015–2019 to $3,947 in 2020–2024 (+3.2%).
Prices (CPI-U) rose 22.7% over the same years, so it rose more slowly than prices: a measurable decrease after inflation.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Cranbury CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Cranbury CDP, New Jersey
- Median Selected Monthly Owner Costs (B25088), 2015–2019 ACS 5-year estimates — Cranbury CDP, New Jersey
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2015–2019 ACS 5-year estimates — Cranbury CDP, New Jersey
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Cranbury CDP, New Jersey
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) and detailed tables (acs/acs5) for Cranbury CDP, New Jersey (place:15520, in state:34).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B25088_002E, B25088_002M, B25103_001E, B25103_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP04_0101E, DP04_0101M, DP04_0109E, DP04_0109M, DP04_0091PE, DP04_0091PM, B25103_001E, B25103_001M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
Related
- Housing in Cranbury at a glance
- Median rent in Cranbury
- Renters and owners in Cranbury
- Income and affordability in Cranbury
- Home values in Cranbury
- Property taxes in Cranbury
- Types of homes in Cranbury
- Age of homes in Cranbury
- Heating fuel in Cranbury
- Commute and cars in Cranbury
- Population growth in Cranbury
- How long people stay in Cranbury
- New Jersey landlord and tenant rules
- Housing across Middlesex County
- Housing data for every place in New Jersey